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FI, bank funding of projects worth Rs 50,000 cr -- Special purpose vehicles for infrastructure likely
FINANCIAL institutions and banks are considering the setting up of special purpose vehicles (SPVs) to fund infrastructure projects worth close to Rs 50,000 crore over the next four to five years. All financial institutions barring the troubled ...
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GMR to invest Rs 80 cr in ING Vysya Insurance
IN a significant move, GMR Technologies & Industries Ltd (GMR-TIL), the Hyderabad-based Rs 161-crore flagship of the over Rs 2,000-crore GMR group, has decided to invest funds to the tune of Rs 80 crore in ING Vysya Insurance, the life insurance ...
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Telecom panel clears plan to demerge VSNL surplus land
THE Telecom Commission has cleared the proposal to demerge the surplus real estate of 773.13 acres owned by Videsh Sanchar Nigam Ltd. (VSNL) and spin it off into a separate company. According to official sources, valuers will now be appointed ...
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TRAI seeks to limit number of tariff plans
THE Telecom Regulatory Authority of India (TRAI) has decided to limit the number of tariff plans announced by service providers in order to help the subscribers make a more "meaningful choice''. Accordingly, the authority has notified the ...
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Jalan hopeful of 6.5 pc growth
THE Reserve Bank of India Governor, Dr Bimal Jalan, has said that the economy could register a growth of six to 6.5 per cent for 2002-03 on the back of a good monsoon, well in line with the projections made by the central bank earlier. He told ...
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i-flex issue price fixed at Rs 530
I-FLEX Solutions Ltd has fixed the issue price at Rs 530 for Rs 5 face value share. The issue price is the same as the base price fixed for book-building. The issue has been oversubscribed 2.72 times. In a statement today, the company said ...
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